Greece’s annual inflation charge rose for the eighth consecutive month to five.1 p.c in December of 2021. It was the best inflation charge since January of 2011 as costs superior at a quicker tempo for housing & utilities (18 p.c vs 17.7 p.c) on account of upper prices of electrical energy (45 p.c), heating oil (34.1 p.c) and pure fuel (135.7percent); meals & non-alcoholic drinks (4.Three p.c vs 3.5 p.c); and transport (10.9 p.c vs 9.Three p.c) because of larger costs of gas and lubricants (21.7 p.c). Additionally, costs fell much less for communication (-2.5 p.c vs -2.7 p.c). In the meantime, downward stress got here from clothes and footwear (Three p.c vs 3.9 p.c); lodges, cafes and eating places (1.2 p.c vs 1.Three p.c); recreation and tradition (-0.6 p.c vs -0.Three p.c); and schooling (0.9 p.c vs 1.Three p.c). On a month-to-month foundation, shopper costs elevated 0.7 p.c, accelerating from a 0.5 p.c rise within the prior month. supply: Nationwide Statistical Service of Greece
Inflation Price in Greece averaged 7.95 p.c from 1960 till 2021, reaching an all time excessive of 33.70 p.c in January of 1974 and a document low of -2.90 p.c in November of 2013. This web page offers the newest reported worth for – Greece Inflation Price – plus earlier releases, historic excessive and low, short-term forecast and long-term prediction, financial calendar, survey consensus and information. Greece Inflation Price – knowledge, historic chart, forecasts and calendar of releases – was final up to date on January of 2022.
Inflation Price in Greece is predicted to be 2.40 p.c by the top of this quarter, in line with Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Greece Inflation Price is projected to development round 0.80 p.c in 2023, in line with our econometric fashions.
Greek December Inflation Highest Since 2011
Greece November Inflation at Over 11-Yr Excessive
Greek October Inflation Price Highest since 2011
Greece Inflation Price
In Greece, a very powerful classes within the shopper value index are: meals and non-alcoholic drinks (17 p.c of complete weight); transport (13 p.c); housing (12 p.c) and lodges, cafés and eating places (11 p.c). The index additionally contains: clothes and footwear (9 p.c); well being (7 p.c); furnishing and family gear (7 p.c); recreation and tradition (5 p.c); communication (5 p.c). Schooling, alcoholic drinks, tobacco and different items and companies account for the remaining 14 p.c of complete weight.